South East Water has received a £200 million equity injection from its owners to further strengthen its financial resilience.
The water company has announced that its shareholders entered into unconditional contracts in the middle of May to subscribe for £200 million of new equity by no later than the 31st May 2025.
This equity injection will reduce South East Water’s gearing to below 65%, further reinforcing the financial stability of the company.
The upcoming investment follows a previous £75 million equity injection made in December 2024, underscoring the shareholders' continued commitment to supporting the financial resilience of South East Water, which brought the company’s gearing to 75% at March 2025
South East Water's parent company, HDF (UK) Holdings Ltd, is owned by a mix of investors, including NatWest's pension fund (25%), an Australian infrastructure investor, Utilities Trust of Australia (50%) and Canadian financial group Des Jardin Entities (25%).
Commenting on the cash injection, South East Water said:
“The investment by shareholders in the company does not alter our conclusion, as set out in our Statement of Case presented to the Competition and Markets Authority, that we do not consider that the AMP8 Final Determination provides the right foundations for the long-term investability of the water sector.”
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